Futures exchanges, member companies, futures investment customers and other participants in the futures market have different interests in the futures market. As the organizer of the futures market, the exchange mainly maintains the "three publics" and honesty and credit of the futures market through front-line supervision.

In the process of supervision, the exchange's right to punish market violations will inevitably have a certain impact on the interests of relevant market entities, so the exchange's right to punish has gradually attracted attention from both inside and outside the industry.